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Not clear if this post belongs here. So, please just correct it if necessary.

I'm curious about all the new ETFs based on covered calls. A good example is QYLD, paying "dividends" >10%, a fee of 0.6%, and little of no upside potential as the strike selected is right At-The-Money.

Intuitively, they make sense as part of a portfolio to cover the eventuality the market goes into a "Zombie" state. 2021-22 come to mind if the economy does not heal quickly after covid.

Any thoughts?
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